Question

Charlie invests 325 in an account that pays 8% simple interest for 15 years

Answer 1

Answer:

1030.95

Step-by-step explanation:

here is the formula

$i(1+\frac{n}{100})^{x} = t$

• i is the initial amount

• n is the interest

• x is the number of years

• t is the final amount after x years

when you plug everything in it is

$325(1+\frac{8}{100})^{15} = t$

now just plug into a scientific calculator.

1030.95